Asia Pacific Hydrocolloids Market Size & Outlook
Asia Pacific hydrocolloids market, 2016-2030 (US$M)
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Asia Pacific hydrocolloids market highlights
- The Asia Pacific hydrocolloids market generated a revenue of USD 3,259.5 million in 2022.
- The market is expected to grow at a CAGR of 6.7% from 2023 to 2030.
- In terms of segment, gelatin was the largest revenue generating product in 2022.
- Gelatin is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Japan is expected to register the highest CAGR from 2023 to 2030.
Asia Pacific data book summary
| Market revenue in 2022 | USD 3,259.5 million |
| Market revenue in 2030 | USD 5,461.1 million |
| Growth rate | 6.7% (CAGR from 2022 to 2030) |
| Largest segment | Gelatin |
| Fastest growing segment | Gelatin |
| Historical data covered | 2016 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Gelatin, Xanthan Gum, Carrageenan, Alginates, Pectin, Guar gum, Gum arabic, Carboxy Methyl Cellulose, Agar, Locust Bean Gum |
| Key market players worldwide | DuPont de Nemours Inc, Palsgaard, Ingredion Inc, Kerry Group PLC Class A, BASF, Ashland Inc, CP Kelco, Glanbia PLC, Darling Ingredients Inc, Tate & Lyle PLC, Cargill, Fuerst Day Lawson, Koninklijke DSM NV, Archer-Daniels Midland Co |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 29.0% of the global hydrocolloids market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 5,461.1 million by 2030.
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Hydrocolloids Market Scope
Hydrocolloids Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific hydrocolloids market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to hydrocolloids market will help companies and investors design strategic landscapes.
Gelatin was the largest segment with a revenue share of 34.32% in 2022. Horizon Databook has segmented the Asia Pacific hydrocolloids market based on gelatin, xanthan gum, carrageenan, alginates, pectin, guar gum, gum arabic, carboxy methyl cellulose, agar, locust bean gum covering the revenue growth of each sub-segment from 2016 to 2030.
Asia Pacific emerged as the largest regional market for hydrocolloids in terms of volume. The growth in this region can be attributed to favorable government policies, substantial production capacities, and early adoption of hydrocolloids in food & beverage sector.
In addition, rising demand for hydrocolloids in pharmaceutical sector has contributed to the market growth in the region. The demand for hydrocolloids is ascending in the region on account of the presence of a large consumer base and end-use sectors.
The market growth in this region can be primarily attributed to the abundant availability of raw materials, substantial production capacities, and enhanced economic efficiency of the products. Low-cost skilled labor and advancements in biotechnology in the emerging economies such as India and China are likely to propel the demand for hydrocolloids.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific hydrocolloids market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific hydrocolloids market from 2016 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific hydrocolloids market size, by country, 2016-2030 (US$M)
Asia Pacific Hydrocolloids Market Outlook Share, 2022 & 2030 (US$M)
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